Starting Dynare (version 5.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
Substitution of endo lags >= 2: added 1 auxiliary variables and equations.
Found 21 equation(s).
Evaluating expressions...done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs ...
done
Preprocessing completed.


STEADY-STATE RESULTS:

rho               		 -0.131461
Drhot             		 2.16101
Gamma             		 -0.647673
y                 		 0.00422782
c                 		 -0.542875
k                 		 2.18049
x                 		 -1.50839
l                 		 -1.1676
lambda            		 1.08575
nu                		 1.08575
r                 		 -3.44048
w                 		 0.52665
mu                		 0.214398
q                 		 -0.00702461
S                 		 0
Sp                		 0
g                 		 -1.6
dy                		 0
z_a               		 0
z_g               		 0

EIGENVALUES:
         Modulus             Real        Imaginary

               0                0                0
          0.5313           0.5313                0
          0.8252           0.8252                0
            0.95             0.95                0
          0.9564           0.9564                0
          0.9787           0.9787                0
           1.068            1.068                0
           1.177            1.177          0.03393
           1.177            1.177         -0.03393
           23.76            23.76                0
       1.933e+16       -1.933e+16                0
        2.86e+32        -2.86e+32                0
             Inf              Inf                0
             Inf              Inf                0


There are 8 eigenvalue(s) larger than 1 in modulus 
for 8 forward-looking variable(s)

The rank condition is verified.

Total computing time : 0h00m00s
